Child benefit expectations too high for Treasury
Channel 4 News political Editor Gary Gibbon asks if the government can afford to change its child benefit plans?
Chancellor George Osborne cuts the 50p rate of tax to 45p from April 2013 and announces changes to his plans to withdraw child benefit from all 40p taxpayers.
As George Osborne announces changes to child benefit, Channel 4 News explains what it means for you.
Channel 4 News political Editor Gary Gibbon asks if the government can afford to change its child benefit plans?
A lot of pre-Budget kite-flying going on. Always a danger that you raise expectations with exercises like that and then find you can’t deliver on them. On child benefit, the Treasury seems to be looking at a number of ways of ameliorating the child benefit removal for 40 per cent tax payers. All of them look pretty expensive. The plan is to have something ready to announce in the Budget on 21 March.
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